Fitch gives AA to Indiana bonds

Fitch Ratings said it assigned an AA rating to about $178.87 million of Indiana Finance Authority's lease revenue refunding bonds, including $127.29 million of series 2008A (tax-exempt) and $51.58 million of series 2008B (taxable).

The bonds are expected to sell the week of March 17 by negotiation.

Fitch also said it affirmed the AA rating on the state's approximately $3.1 billion of appropriation debt.

The outlook is stable.

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